209 S Center St - Freestanding FOR SALE


Franklin, TX 77856
$445,000 USD
409-781-7734
209 S Center St, Franklin, TX for Sale
$445,000 USD
Freestanding - FOR SALE
1/19
null | 8.5% Cap Rate

209 S Center St
Franklin, TX 77856


HIGHLIGHTS

  • Both tenants recently signed five (5) year lease renewals, evidence of commitment to the location.
  • Bite size income producing investment opportunity, priced at only $445,000.00 or $65.92/SF, major discount to replacement cost.
  • Attractive 8.50% Yield at the asking price.
  • Long term upside through future rent growth, current rental rates averaging $7.02/SF Gross.
  • Located just off Highway 79 and directly across the street from Best Western hotel and steps from the county courthouse and downtown municipal offices
  • Doc’s Icehouse has operated successfully since 1998 and The Gym has operated successfully since 2013.

OVERVIEW

OLDHAM GOODWIN is pleased to present 209 & 211 S Center Street, a two-tenant retail property in in the heart of Franklin, Texas for your consideration. This 6,750 SF building is located just off Highway 79, in the vibrant business community that surrounds the Robertson County Courthouse. The property is 100% occupied by two successful long-term tenants, Doc’s Icehouse and The Gym. Both tenants are established businesses with strong local following, and recently signed new five (5) year lease extensions. The center benefits from a visible location, a captive audience, consistent traffic and minimal nearby competition. This is a low-maintenance investment opportunity backed by reliable tenants and steady cash flow.

FOR SALE DETAILS

PRICE

$445,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

N/A

APN/PARCEL ID

060000-009420,060000-009440

ASK ABOUT THIS PROPERTY

Clint OldhamOldham Goodwin Group, LLC.More Info
409-781-7734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Clint OldhamOldham Goodwin Group, LLC.More Info
409-781-7734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.